Adding Liquidity
Please check the Vault list and confirm the accepted LP assets you can choose for minting H2O. If you already have LP tokens, please skip this step.
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If you don't have the relative LP tokens in your wallet, please get them on Trader Joe/Benqi/Curve to add liquidity first.
Here we take the AVAX/USDC LP token as an example. Please go to the 'pool' page on Trader Joe and find the AVAX/USDC pool. Before adding liquidity, please confirm that you have enough balance of both token in your wallet, in this example, the token pair are AVAX and USDC.
You may need to approve the transaction of the tokens when adding liquidity in the first time. After successfully making the transactions, you could check the LP tokens in your wallet. (You may need to manually add the token address if it is not shown automatically).
Here we take adding liquidity of USDC on Benqi as an example. Please go to Benqi's interface and find the supply window. Click on the USDC token from the drop-down menu and input the desired amount you would like to deposit.
You may need to approve the transaction of the tokens when adding liquidity in the first time. After successfully making the transactions, you could check the qiUSDC tokens in your wallet. (You may need to manually add the token address if it is not shown automatically).
Please note that if you are also borrowing assets on Benqi, your qiTokens might be occupied as collateral and are not allowed to move out of Benqi. It will lead to transaction failure when minting H2O. Therefore, it is recommended to clear your borrowing position on Benqi before interacting with Defrost Finance.
Here we take adding liquidity with USDC on Curve as an example. Please go to Curve's interface and find the AAVE Pool window. Click on the 'deposit' button and input the desired amount you would like to deposit. Please do not click on 'deposit and stake in gauge' as the LP tokens will be staked in the Curve protocol instead.
You may need to approve the transaction of the tokens when adding liquidity in the first time. After successfully making the transactions, you could check the AV3CRV tokens in your wallet. (You may need to manually add the token address if it is not shown automatically).
Last modified 1yr ago